Crude Oil Production in Azerbaijan increased to 784 BBL/D/1K in May from 769 BBL/D/1K in April of 2019. Crude Oil Production in Azerbaijan averaged 581.46 BBL/D/1K from 1994 until 2019, reaching an all time high of 1072 BBL/D/1K in June of 2009 and a record low of 168 BBL/D/1K in February of 1997.
Crude Oil Production in Azerbaijan is expected to be 750.00 BBL/D/1K by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Crude Oil Production in Azerbaijan to stand at 790.00 in 12 months time. In the long-term, the Azerbaijan Crude Oil Production is projected to trend around 700.00 BBL/D/1K in 2020, according to our econometric models.